How it works

StakingCopy Anchor Link

1. You transfer WAX to liquid.alcor with the memo stake (the staking page does this for you).
2. The contract calculates the LSW amount at the current exchange rate, issues that much LSW from lsw.alcor and sends it to you in the same transaction.
3. The deposited WAX is staked to CPU of the liquid.alcor account.

Voting and rewardsCopy Anchor Link

• liquid.alcor votes through the top21.oig proxy, so its stake supports the top 21 WAX guilds.
• The rewards this earns (WAX voter pay and other WAX rewards sent to the contract) are added to the pool of staked WAX and staked again right away. LSW supply does not change, so every LSW becomes worth more WAX.
• The contract can keep a protocol fee from rewards (feePct, sent to fees.alcor). It is currently 0%.

The contract's stakemints table shows the totals: totalNativeToken (WAX staked including rewards) and totalLiquidStakedToken (LSW in circulation).

UnstakingCopy Anchor Link

You can get WAX back in two ways: unstake through the contract (takes several days) or sell LSW for WAX on Alcor Swap (instant, at the market price). See Withdrawal process.